It’s been a tough week for bitcoin. Cesc Maymo/Getty Images Bitcoin headed for a 13% fall in the week to Friday, after Elon Musk’s major U-turn on accepting the cryptocurrency as payments for Teslas, but managed to regain some stability over the course of the day. The most-traded crypto asset was down 13.1% for the… Continue reading Bitcoin slides 13% for the week after Elon Musk’s bombshell U-turn, but finds some support at $50,000
Tag: Strategy
Goodyear Announces Pricing of $1.45 Billion of Senior Notes in Connection With Planned Cooper Tire Acquisition
AKRON, Ohio, May 14, 2021 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that it has priced its private offering to eligible purchasers of $850 million aggregate principal amount of senior notes due 2029 (the “2029 notes”) and $600 million aggregate principal amount of senior notes due 2031 (the “2031 notes,” and together… Continue reading Goodyear Announces Pricing of $1.45 Billion of Senior Notes in Connection With Planned Cooper Tire Acquisition
Mahindra 3.0: How the Indian SUV brand is reinventing itself . . . again
When the Scorpio was launched in 2002, we called it the biggest step forward for Mahindra & Mahindra (M&M) in 50 years, and it certainly was, leapfrogging the brand into a new era of products. Since then, the company has gone from being a rural player to more of a mainstream one, with a string… Continue reading Mahindra 3.0: How the Indian SUV brand is reinventing itself . . . again
@Ford: Ford Power-Up Software Updates to Deliver A More Seamless Amazon Alexa Experience, BlueCruise and More This Year
Ford Power-Up software updates deliver regular vehicle enhancements to Ford owners, turning connected vehicle learnings into continuous quality improvements, new features and capabilities: Ford to produce 33 million vehicles with Power-Up capability by 2028 Ford Power-Up enhancements already have been sent to more than 100,000 2021 F-150 and Mustang Mach-E customers since late March; new… Continue reading @Ford: Ford Power-Up Software Updates to Deliver A More Seamless Amazon Alexa Experience, BlueCruise and More This Year
Stellantis CEO says brands have 10 years to prove their worth
All 14 brands of Stellantis NV will have a decade of support and funding to prove their ability to rebound or grow, and their products will be developed in the regions where they are sold, CEO Carlos Tavares said Thursday. The transatlantic automaker offers popular Ram pickup trucks and Jeep SUVs in the United States… Continue reading Stellantis CEO says brands have 10 years to prove their worth
Hyundai Motor Group to Invest $7.4 Billion In the U.S. by 2025
José Muñoz, Hyundai Motor Company’s Global Chief Operating Officer and President and CEO of Hyundai Motor North America said, “I am excited to make this announcement on behalf of the Hyundai Motor Group. This investment demonstrates our deep commitment to the U.S. market, our dealers and customers. Hyundai will lead the future of mobility in… Continue reading Hyundai Motor Group to Invest $7.4 Billion In the U.S. by 2025
Goodyear Announces Offering Of Senior Notes In Connection With Planned Cooper Tire Acquisition
AKRON, Ohio, May 13, 2021 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that it has commenced a private offering to eligible purchasers of $1.45 billion aggregate principal amount of 8- and 10-year senior notes. The notes will be senior unsecured obligations of the company. Issuance and sale of the notes… Continue reading Goodyear Announces Offering Of Senior Notes In Connection With Planned Cooper Tire Acquisition
Tesla CEO Elon Musk halts use of bitcoin for car purchases
Tesla would retain its bitcoin holdings with the plan to use the cryptocurrency as soon as mining transitions to more sustainable energy sources, Musk said. Tesla Inc will no longer accept bitcoin for car purchases, Chief Executive Elon Musk said, citing long-brewing environmental concerns for a swift reversal in the company’s position on the cryptocurrency.… Continue reading Tesla CEO Elon Musk halts use of bitcoin for car purchases
China’s WeRide secures more funding, pushing valuation to $3.3 billion
Only four months after securing Series B fundraising of $310 million, Chinese autonomous driving company WeRide says it has achieved its Series C funding round that brings its post-money valuation to $3 billion. This is first time the company has disclosed its value. The company did not share how much it has raised this round,… Continue reading China’s WeRide secures more funding, pushing valuation to $3.3 billion
Yifan Li Joins Human Horizons as CFO
Mr. Li is a seasoned finance and accounting executive, and joins Human Horizons from Zhejiang Geely Holding Group (ZGH), a global mobility technology group headquartered in Hangzhou. As Vice President and Chief Financial Officer of the group, Mr. Li was responsible for financial strategy, corporate development and industrial ecology chain, having an integral role in… Continue reading Yifan Li Joins Human Horizons as CFO